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Mar 2, 2013
03/13
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KQED
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the fiscal cliff, we didn't go over the fiscal cliff. they cut a deal, january 1. they cut a deal on the fiscal cliff. >> to raise taxes. >> to raise taxes so republicans, seven weeks ago, or whenever it was, had to raise taxes. i believe the white house miscalculated or underestimated or whatever you want to call it, the republicans, in saying, ok, they're going to now close these loopholes which is effectively raising taxes again after they just did that seven weeks ago. i also believe that republicans could be in the process of underestimating how this could affect their standing with the public. right now they've got a 29% favorability rating. the president sits, 49%. he's gambling the public will be with him because after all he got re-elected partially on the issue of fairness. >> and he's reading the polls. >> and he's reading the polls and the republicans are saying, you know what, we're on the right side because the public believes the government should be smaller and more efficient. the problem that the republicans have is that this particular slice of th
the fiscal cliff, we didn't go over the fiscal cliff. they cut a deal, january 1. they cut a deal on the fiscal cliff. >> to raise taxes. >> to raise taxes so republicans, seven weeks ago, or whenever it was, had to raise taxes. i believe the white house miscalculated or underestimated or whatever you want to call it, the republicans, in saying, ok, they're going to now close these loopholes which is effectively raising taxes again after they just did that seven weeks ago. i also...
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Jan 3, 2013
01/13
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WUSA
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avoided the fiscal cliff by cutting taxes setting up moran's two-three punch. >> we delayed a few things but we haven't avoided much. >> reporter: jim runs the greater washington board of trade. he says the uncertainty ahead has the business on hold. >> we're still going to have a hold on hiring. we're still going to have a hold on new investments. everyone is going to be waiting. >> reporter: even as business knows. >> there will be people who are furloughed on their jobs, people who will not be hired into new jobs. >> we're on a new reality, a new economic reality in the national capital region. >> reporter: frank principi knows that if the sequestration cuts kick in in two months... >> programs to head start to emergency preparedness are going to be cut 8% and it's the local governments that's going to have to deal with either replacing that 8% cut or terminating the programs that funding supports. >> reporter: as the federal government spends less... >> we think we're going to need to
avoided the fiscal cliff by cutting taxes setting up moran's two-three punch. >> we delayed a few things but we haven't avoided much. >> reporter: jim runs the greater washington board of trade. he says the uncertainty ahead has the business on hold. >> we're still going to have a hold on hiring. we're still going to have a hold on new investments. everyone is going to be waiting. >> reporter: even as business knows. >> there will be people who are furloughed on...
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Jan 1, 2013
01/13
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CNNW
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draws closer and closer to that fiscal cliff. the defense department is facing billions in budget cuts. how a furlough could affect civilian employees in the u.s. and around the world. oh, hey mike. what are you up to? oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't true. where did you hear that? [ both ] the internet. oh look. here comes my date. i met him on the internet. he's a french model. uh, bonjour. [ male announcer ] state farm. more mobile than ever. get to a better state. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market
draws closer and closer to that fiscal cliff. the defense department is facing billions in budget cuts. how a furlough could affect civilian employees in the u.s. and around the world. oh, hey mike. what are you up to? oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the...
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Jan 6, 2013
01/13
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FOXNEWSW
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we got a tiny tiny spending cut along with the fiscal cliff deal. where are the spending cuts? >> actually the cuts and revenue you we have taken so far are still far short in both categories from simpson bus. boles. >> but the spending cuts are way short. >> that is not the case. simpson bowles said at the starting point we would allow the upper income taxes to go back to clinton era levels. we have just barely gotten to the spending point. we are a little short. on top of that they raised over a trillion dollars in revenue combined with cuts. yes woo have to do more cuts and the president has been clear and put on the table $1.2 trillion in cuts proposal combined with $1.2 trillion in revenue. the only reason we weren't able to go forward with that is you had house republicans deciding not to follow speaker boehner in that balanced approach and frankly that is the danger going forward. the danger going forward is that house republicans will continue to refuse to take a balanced approach and that is going to dead lock the entire process. >> another danger going forward accordi
we got a tiny tiny spending cut along with the fiscal cliff deal. where are the spending cuts? >> actually the cuts and revenue you we have taken so far are still far short in both categories from simpson bus. boles. >> but the spending cuts are way short. >> that is not the case. simpson bowles said at the starting point we would allow the upper income taxes to go back to clinton era levels. we have just barely gotten to the spending point. we are a little short. on top of...
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Jan 20, 2013
01/13
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KRCB
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they tried to force the issue using the debt ceiling in 2011, using the fiscal cliff in january. i am as gung-ho as any of them to force obama into cutting spending. but it failed, and the reason is, you cannot govern from one house of the congress. that is the truth. i wrote a column this morning saying essentially, you have to recognize, you cannot use these things come up as in the end you will hav to ve. you will be humiliated and our ratings will be low, as you indicated, and you will not get the spending cuts anyway. certainly, i do not think the republican house will want to go over the cliff. >> the president of the united states has gone from dealing with the big problem that faces the whole country to try to destroy the republican party. this is exactly what the public does not want. we are turning into small, petty brinksmanship. let's see if we can crush the republican party. he has given up on the larger and more noble goal of doing something. >> i am not going to say who was right or wrong in the negotiations but the reason that this grand bargain has twice fallen t
they tried to force the issue using the debt ceiling in 2011, using the fiscal cliff in january. i am as gung-ho as any of them to force obama into cutting spending. but it failed, and the reason is, you cannot govern from one house of the congress. that is the truth. i wrote a column this morning saying essentially, you have to recognize, you cannot use these things come up as in the end you will hav to ve. you will be humiliated and our ratings will be low, as you indicated, and you will not...
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Jan 20, 2013
01/13
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WJLA
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eye 76
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they tried to force the issue using the debt ceiling in 2011, the fiscal cliff in january. i was as gung-ho as any of them to force obama into cutting spending. the government spendinis spendiding us into penury. but it faed because you cannot govern froone house of t congress. that is the truth. i wrote a column this morning ying essentially you have to recognize you cannot use these things because, in the end, you will be humiliated. ratings will be low, d you will not get the spending ts anyways. i think that adds some realism. certainly, i do not think the republic house is going to want to go over the cliff. >> let's think about what happened. the president has gone from dealing with the big problem that faces t whole country, to try to destroy the republican party. this is exactly what the public does not want. we are turning to small petty brinksmanship. let's see if we can crush the republican par. he has giv up on a larger and re noble goal. >> i am not going to say who iss right or wrong in the negotiations, they were very close. but the reason the grand bargain h
they tried to force the issue using the debt ceiling in 2011, the fiscal cliff in january. i was as gung-ho as any of them to force obama into cutting spending. the government spendinis spendiding us into penury. but it faed because you cannot govern froone house of t congress. that is the truth. i wrote a column this morning ying essentially you have to recognize you cannot use these things because, in the end, you will be humiliated. ratings will be low, d you will not get the spending ts...
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Jan 3, 2013
01/13
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CNNW
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the talk has been about fiscal cliff, tax rates and cuts about sequestration. stuffed in there are dozens of these tax provisions some that expired a year ago and that they retroactively reinstated. we're looking at $70 billion or more of these expenditures in 2013. >> you know sometimes something that would steam frivolous or like people call it pork or earmarks actually does benefit and stimulate the economy. isn't there something in at least that short list that i gave you that you can see as a benefit? >> certainly it is benefiting somebody but the question really is, is this the best use of the taxpayers' money. these haven't been thoroughly vetted. once i want gets in the system they remain there. i would argue that, yes, having the u.s. virgin islands bank roll a distillery important the world's largest liquor conglomerate so they can move their operations from puerto rico to virgin islands there's some economic benefit but clearly not something a federal taxpayer should be bank rolling. >> when it is pork and when is it something that can actually get v
the talk has been about fiscal cliff, tax rates and cuts about sequestration. stuffed in there are dozens of these tax provisions some that expired a year ago and that they retroactively reinstated. we're looking at $70 billion or more of these expenditures in 2013. >> you know sometimes something that would steam frivolous or like people call it pork or earmarks actually does benefit and stimulate the economy. isn't there something in at least that short list that i gave you that you can...
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Jan 3, 2013
01/13
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WJLA
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new this morning, president signed a bill into law to d the fiscal cliff. the new law reserves tax cuts individuals earning less than $400,000 and extend unemployment benefits. the president signed the bill with a stool that mimics his signature, from hawaii. and he signed a six under $33 billion defense bill for next that tighten penalties on iran and posters security and diplomatic missions worldwide, .the benghazi attacke >> d.c. police want to know how of a man and ended up shaft. it appears the man, said to be his 20s, fell off a roof and into a shaft. incident happened close to clarksburg man on your seat john. gonzales is headed to the scene bring up states starting in about an hour. a virginia man who's been on for murder is scheduled to be released later today. that could change if a appeals court decides to get involved. >> every day her son has been in a difficult one. >> this is something we have been hoping for, a longtime. >> after 11 and a half years, this day is different from all the rest. >> grateful that it's finally may be over. >> the j
new this morning, president signed a bill into law to d the fiscal cliff. the new law reserves tax cuts individuals earning less than $400,000 and extend unemployment benefits. the president signed the bill with a stool that mimics his signature, from hawaii. and he signed a six under $33 billion defense bill for next that tighten penalties on iran and posters security and diplomatic missions worldwide, .the benghazi attacke >> d.c. police want to know how of a man and ended up shaft. it...
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gerri: can i tell you something that drives me of the fiscal cliff when i here all these details. foevery dollar in spending cuts we got in this deal we got $41 in taxes. 1-41, not 1-1, 1-2, 1-3. how is ths sanity? >> it's not. basically have 122 some odd page built the people have three minutes to red. we should not be doing our government last-minute like this. they put the gun to their own head. the bottom line i, they could have kicked it down. that the new congress deal with this, taken the time to do this appropriately. that promise you dealing with the congress, you're going to have a hard time getting anything done that will reduce the deficit. i would expect my fellow colleagues hee on the show, wait for the president to submit his entitlement reform program and see how many democratic votes in bipartisanship there is to that. gerri: speak to that? >> well, that is one of the smartest guys out there. politically he has a lot of good points among but here is what will happen. the president is going to have to reform entitlements, and you will. he will close loopholes. he w
gerri: can i tell you something that drives me of the fiscal cliff when i here all these details. foevery dollar in spending cuts we got in this deal we got $41 in taxes. 1-41, not 1-1, 1-2, 1-3. how is ths sanity? >> it's not. basically have 122 some odd page built the people have three minutes to red. we should not be doing our government last-minute like this. they put the gun to their own head. the bottom line i, they could have kicked it down. that the new congress deal with this,...
WHUT (Howard University Television)
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Oct 20, 2013
10/13
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WHUT
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in 2012 the stalemate was over the so-called fiscal cliff. the double whammy of the bush tax cuts and the schedule start of the sequestration cuts that would derail the economy. at the last minute mrs. obama and boehner cut a deal to avert that calamity. this year's 2013 budget ceiling standoff is now scheduled to go into 2014 reveals a new path in america's policy. the fundamental functions of the government, it means that the white house and congress, they failed to negotiate until the crisis looms. and then only acts at the last minute. question, is this the new normal on the american politics? timothy? >> the reason that it is the new normal isn't just that the parties are that separated. these giant groups that can go out and fund. so the party leaders, they don't have the control that they used to have. rank and file senators and congress really had to listen to what the speaker or the majority leader would tell them to do because that is the only one for them to raise money. but now if you are a member in either groups, you can go to t
in 2012 the stalemate was over the so-called fiscal cliff. the double whammy of the bush tax cuts and the schedule start of the sequestration cuts that would derail the economy. at the last minute mrs. obama and boehner cut a deal to avert that calamity. this year's 2013 budget ceiling standoff is now scheduled to go into 2014 reveals a new path in america's policy. the fundamental functions of the government, it means that the white house and congress, they failed to negotiate until the crisis...
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Jul 30, 2013
07/13
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CSPAN
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. >> is what i want to say. 82% of bush tax cuts were locked in by the fiscal cliff deal. >> i am talking about high and rates.- high end >> yes. this.not know if you are i would be interested in your response. i do not think we are near done on the revenue side. i have been stressing we have cut 2.8 million over 10 already. if you look at the policy part, 70% has been spending cut -- cuts.30% has been revenues. ism not sure if the optimal 50-50. certainly, 70 -- 30 sounds unbalanced. having locked in 80% of the bush tax cut is not mean we are done. thirdly, i am not sure -- the president in his budget that fourth -- has elaborated, 400 billion dollars in medicaid and medicare cuts and $200 billion in other cuts. you know, i think the analysis you describe sounds accurate to me. >> should he be out pushing the budget? i agree there is a lot of good stuff in the presence question. that's there's a lot of good stuff in the president's budget. should he be out pushing the budget? >> he has his offer on the table. >> this is the issue of the senate. they are looking for a counteroffer. i've y
. >> is what i want to say. 82% of bush tax cuts were locked in by the fiscal cliff deal. >> i am talking about high and rates.- high end >> yes. this.not know if you are i would be interested in your response. i do not think we are near done on the revenue side. i have been stressing we have cut 2.8 million over 10 already. if you look at the policy part, 70% has been spending cut -- cuts.30% has been revenues. ism not sure if the optimal 50-50. certainly, 70 -- 30 sounds...
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Jul 6, 2013
07/13
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KQED
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gwen: we spent a long time talking about the sequester and fiscal cliff and these terrible things that were going to appen and they didn't really happen. >> no, they didn't. and cosmetic. we'll stop our travel. as we looked under the hood of this, these agencies including the i.r.s. and others were spending a ton of money on things they probably should not have been spending money on. impersonators, entertainment-like things but real effects of the sequester that we have -- don't have to look all that hard to find. i remember talking about six weeks ago to a mother in indiana who had to enter a lottery for a head start education program. her child did not make the cut for that. so there are some real effects that have happened out across the country. they just aren't as massive as predicted. >> the people who are affected are feeling it. i talked to the housing authority in southern california where in order to avoid reducing the number of vouchers, they were raising the rent on people who make $10,000. but to the rest of the economy, it seemed -- shrugged it off. >> you asked gwen ear
gwen: we spent a long time talking about the sequester and fiscal cliff and these terrible things that were going to appen and they didn't really happen. >> no, they didn't. and cosmetic. we'll stop our travel. as we looked under the hood of this, these agencies including the i.r.s. and others were spending a ton of money on things they probably should not have been spending money on. impersonators, entertainment-like things but real effects of the sequester that we have -- don't have to...
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Jan 5, 2013
01/13
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MSNBCW
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senate minority leader mitch mcconnell announced the same, saying "the fiscal cliff deal was the last word on taxes. now the conversation turns to cutting spending on the government programs that are the real source of the nation's fiscal imbalance." and the upcoming debate on the debt limit is the perfect time to have that discuss. perfect, the problem is not even republicans believe that is going to work anymore. >> they have got to find in the house a totally new strategy. i mean, confronting -- for example, everybody is now talking about okay, now comes the debt ceiling. i think that is frankly a dead loser, because in the end you know it is going to happen. the whole national financial system is going to come into washington by television and say oh my god, this will be a gigantic heart attack, the entire economy will collapse, you guys can't be responsible, and they will cave. >> so newt gingrich, time to wander off the republican reservation, at least occasionally. but he is on the same page as the editorial board, which wrote "the next challenge will be the debt deadline, arri
senate minority leader mitch mcconnell announced the same, saying "the fiscal cliff deal was the last word on taxes. now the conversation turns to cutting spending on the government programs that are the real source of the nation's fiscal imbalance." and the upcoming debate on the debt limit is the perfect time to have that discuss. perfect, the problem is not even republicans believe that is going to work anymore. >> they have got to find in the house a totally new strategy. i...
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Jan 5, 2013
01/13
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CNNW
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if the last congress had so many challenges producing a bill to avoid the fiscal cliff do you think this congress will be more productive and if so why? >> you know, i think that remains to be seen. i think that, again, that congressmen need to hear from their constituents and people need to know that, hey, we sent you guys up there to get to work. we mean business. stop all of the partisan bickering. of course, republicans and democrats are always going to have differences on issues. but things of this nature that could cause economic catastrophe, those sorts of things, we should be able to work a lot easier on and that's why i'm up here. i want to work with my republican colleagues. i've reached out to all of my republican colleagues in the north texas area to let them know i want to work with them and i will continue to reach across the aisle, all across the congress working with republicans because i know that it is very important that we do a better job of working together. >> i want to ask you about a comment made by the number two republican senator john cornyn of texas. he faulte
if the last congress had so many challenges producing a bill to avoid the fiscal cliff do you think this congress will be more productive and if so why? >> you know, i think that remains to be seen. i think that, again, that congressmen need to hear from their constituents and people need to know that, hey, we sent you guys up there to get to work. we mean business. stop all of the partisan bickering. of course, republicans and democrats are always going to have differences on issues. but...
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Jan 6, 2013
01/13
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FOXNEWSW
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congress approved a deal to avert the fiscal cliff. will the media actul what it does. no spending cuts until later. the house of representative delays the vote to give more reloaf to victims of super storm sandy and causing a reaction almost as violent as the storm itself. >> last night politics was placed before the serving of our citizens it was disgusting to watch. >> did nbc's meet the press host take the anti-gun agenda too fall. the names and addresses of legal gun owners. there is a gun ban colume and advocating deadly violence against the nra and republican leaderships. war in afghanistan going on 70,000 u.s. troops is there . media interest is mia . get mr. global warming al gore sales a fail would cable channel to another country. >> judy miller and richard gadel and jim pinkerton and contributing editor of the american conservative mag wreen and justin duck am. i am john scott fox news watch is on now >> there is no substitute for the wisdom of the people. we are here as their servants. as speaker i help you carry out your oath of office that we are about to
congress approved a deal to avert the fiscal cliff. will the media actul what it does. no spending cuts until later. the house of representative delays the vote to give more reloaf to victims of super storm sandy and causing a reaction almost as violent as the storm itself. >> last night politics was placed before the serving of our citizens it was disgusting to watch. >> did nbc's meet the press host take the anti-gun agenda too fall. the names and addresses of legal gun owners....
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Jan 17, 2013
01/13
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FBC
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cliff was a dollar and spending cuts for $4 for revenue. neil: try $40, yeah. >> excuse me, exactly. where's our representation? we can see -- neil: what happened to tea party? even in the 82 of them came to the new house in the takeover in 2010, elected john boehner speaker of the huse, and he returns the favor by pitting them almost into the witness protection program. where is their gusto, their zest? what happened? >> i think they are still building their numbers so to speak. there's been a lot of people in the house that have been, i think, quietly organizing to get a voice opposite john boehner. i'm not a huge boehner fan, but at the same time, i think if you're going to stage a mutiny, you need someone in the wings to challenge him public by. neil: who would that be? wondered that because it was not questioned in the election. there were few -- >> that's the question. neil: yeah, so, you know, i wonder how do they get their monetary -- mojo back. is it too late? they sent a warning, look, we accepted great bodily injuryingly -- grudg
cliff was a dollar and spending cuts for $4 for revenue. neil: try $40, yeah. >> excuse me, exactly. where's our representation? we can see -- neil: what happened to tea party? even in the 82 of them came to the new house in the takeover in 2010, elected john boehner speaker of the huse, and he returns the favor by pitting them almost into the witness protection program. where is their gusto, their zest? what happened? >> i think they are still building their numbers so to speak....
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Jan 2, 2013
01/13
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WUSA
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but the last-minute agreement only deals with half the fiscal cliff. the other half is $110 billion in across-the-board spending cuts to defense and domestic programs this year alone. negotiators destkaoeuded to postpone those cuts for two months setting the stage for another spending fight that republicans like bob-day-old of illinois are eager -- bob dold of illinois are eager to have. >> i for one hope that we can talking about reigning in the out-of-control spending but it won't happen with one party or the other. it's going to have to be about bipartisanship. >> reporter: that bipartisanship is going to get tested right away when the new congress, which gets sworn in tomorrow, has to take a vote some time in the next two months over whether to raise the debt ceiling. republicans say they want big entitlement cuts in exchange for their votes. the president, anthony, says he's not negotiating. >> mason: nancy, is speaker boehner in any trouble over all this? >> well, the speaker does come up for a vote tomorrow about whether he gets to keep his spea
but the last-minute agreement only deals with half the fiscal cliff. the other half is $110 billion in across-the-board spending cuts to defense and domestic programs this year alone. negotiators destkaoeuded to postpone those cuts for two months setting the stage for another spending fight that republicans like bob-day-old of illinois are eager -- bob dold of illinois are eager to have. >> i for one hope that we can talking about reigning in the out-of-control spending but it won't...
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Jan 2, 2013
01/13
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MSNBCW
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all day yesterday the question was could they find a way to cut spending in the fiscal cliff drama? we are hours away from that and now this. will the emotional appeals and the real world consequences be loud and forceful enough to get them to consider before noon tomorrow. if he doesn't, a new congress has to act and they start all over again. when they are motivated they can move quickly, but it would be a delay if they don't do it before noon tomorrow. >> thanks, kelly. this is the one who crafted the bill. first up with a welcome to you, sir. i know you and your colleagues and the delegations will meet about an hour or so again. what are you going to say to him? >> i don't think the new jersey democrats are invited. this is a new jersey moment though. time to take off the gloves. i believe boehner is speaking sincerely when he said we will get this done as soon as possible in the next congress. we get sworn in tomorrow, but we need the help right now. that was a commitment. he could not deliver. i can't deal with the schizophrenia within the leadership of the within party. we sh
all day yesterday the question was could they find a way to cut spending in the fiscal cliff drama? we are hours away from that and now this. will the emotional appeals and the real world consequences be loud and forceful enough to get them to consider before noon tomorrow. if he doesn't, a new congress has to act and they start all over again. when they are motivated they can move quickly, but it would be a delay if they don't do it before noon tomorrow. >> thanks, kelly. this is the one...
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Jan 3, 2013
01/13
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CNNW
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the republicans wanted spending cuts to be part of fiscal cliff and debt ceiling and sequestration. he said no. it's a smart tactical move. we'll see if he's able to keep them at bay. >> i want to remind people that president obama when he was senator obama voted against raising the debt limit as well. opposition parties use the limited leverage they have and barack obama recognized that in the past and now that he's on the other side of the negotiating table he thinks that should be taken off the table. the thing is this is connected to the sequester deal as well. president obama needs goodwill from republicans if he's going get movement on the sequester as well. these things are not going to be that easily separated. >> but the key is that it's incumbent upon the president to move a grand bargain forward to follow through on his rhetoric on entitlement reform. he has to be aggressive and work with them and offer real entitlement reform. >> practically delinking them doesn't make any sense opinion they are coming due at the same time and they are the same issue. >> that's right. he
the republicans wanted spending cuts to be part of fiscal cliff and debt ceiling and sequestration. he said no. it's a smart tactical move. we'll see if he's able to keep them at bay. >> i want to remind people that president obama when he was senator obama voted against raising the debt limit as well. opposition parties use the limited leverage they have and barack obama recognized that in the past and now that he's on the other side of the negotiating table he thinks that should be...
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Jan 3, 2013
01/13
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CURRENT
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adam smith who voted against the fiscal cliff agreement yesterday. congressman, thanks for joining us. first explain why you voted against it. explain why you voted no. >> your opening statement explained one big reason, it doesn't do anything. we're two months, sequestration looms over all discretionary spending. i'm on the armed services committee, so i pay particular attention to the defense, but i the programs that will go the next two months without any idea of how much money they're going to have. it didn't do anything on that, and then worse it locked in place, made permanent 90% of the bush tax cuts. are the house republicans seriously going to put revenue on the table as we deal with the fiscal cliff and the debt ceiling? the size of the cuts to critical programs to deal with the deficit now that we locked in 90% of the bush tax cuts is way beyond what i can accept. >> eliot: you're exactly right. it's an argument that it's mystifying to me that more democrats didn't stand up and say this isn't efficient. we only get the revenue over the ten
adam smith who voted against the fiscal cliff agreement yesterday. congressman, thanks for joining us. first explain why you voted against it. explain why you voted no. >> your opening statement explained one big reason, it doesn't do anything. we're two months, sequestration looms over all discretionary spending. i'm on the armed services committee, so i pay particular attention to the defense, but i the programs that will go the next two months without any idea of how much money they're...
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Jan 2, 2013
01/13
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WMAR
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so your tax rates are not going up under the fiscal cliff but your paychecks will be getting smaller, starting with your next check. that's because the 2-year-old's payroll fax rate is over. so here's how it will affect you f you're making $30,000 a year, you'll pay about $50 more a month in taxes. if you're earning $50,000, you'll contribute about $83 a month. >>> tonight house speaker john boehner is the focus of some bipartisan fury after he refused to act on hurricane sandy aid legislation. in october hurricane sandy devastated new york and new jersey. now the fight over recovery funding has erupted into anger on capitol hill. new jersey governor chris christie said house speaker john boehner is not returning his phone calls. >> 66 days and counting. shame on you. shame on congress. >> lawmakers expected a vote on the sandy aid bill late last night after the fiscal cliff deal passed but in a surprise move, boehner pulled the bill. boehner assures lawmakers a vote on sandy aid will happen by january 15th. >>> stress, you know, it's a normal part of our lives but how you hand tell c
so your tax rates are not going up under the fiscal cliff but your paychecks will be getting smaller, starting with your next check. that's because the 2-year-old's payroll fax rate is over. so here's how it will affect you f you're making $30,000 a year, you'll pay about $50 more a month in taxes. if you're earning $50,000, you'll contribute about $83 a month. >>> tonight house speaker john boehner is the focus of some bipartisan fury after he refused to act on hurricane sandy aid...
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Jan 1, 2013
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the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live behind the doors meeting at this hour, they are planning a vote series at some time. but we don't know when. it may include amending the senate bill and sending it back to the senate. meantime, house democrats are demanding a straight up-or-down vote on what came over from the senate. the late-breaking developments leaving the automatic spending cuts and tax increases tied to the fiscal cliff still in play right now. in a desperate race against a different clock, we have another free-flowing, fluid situation tonight. likely a lot of breaking news from capitol hill. we begin with fox team coverage. chief washington correspondent ed henry looks at the president's next move. chief congre
the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live behind the doors meeting at this hour, they are planning a vote series at some time. but we don't know when. it may include amending the senate bill and sending it...
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Jan 14, 2013
01/13
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COM
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the fiscal cliff is the economic catastrophe that would occur with the simultaneous expiring of the bush tax cuts and deep across-the-board spending cuts that congress scheduled to kick in january 1 so congress couldn't negotiate a fiscal solution by january 1. confused? let me put it in terms of a 21st century analogy that can crystallize the point of it. pretend america is a successful railroad company. that has fallen on some hard fiscal times. there's an argument within the company about whether to make some changes to the dining car offering, maybe cut fares for less wealthy riders or on the other side of the argument where trains themselves are steel beasts that stalin invented to kill freedom and martha washington. this is clearly a large gap to bridge in negotiations they added what we call in the movie business the ticking clock in the form of a dam sell tied to the track. the damsell in this case representing our entire economy. yes, we tied a woman to the track. to force us to deal with the train. so the stage was set for serious people to arrive at a serious solution. serious
the fiscal cliff is the economic catastrophe that would occur with the simultaneous expiring of the bush tax cuts and deep across-the-board spending cuts that congress scheduled to kick in january 1 so congress couldn't negotiate a fiscal solution by january 1. confused? let me put it in terms of a 21st century analogy that can crystallize the point of it. pretend america is a successful railroad company. that has fallen on some hard fiscal times. there's an argument within the company about...
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Jan 5, 2013
01/13
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senate minority leader mitch mcconnell announced the same, saying "the fiscal cliff deal was the last word on taxes. now the conversation turns to cutting spending on the government programs that are the real source of the nation's fiscal imbalance." and the upcoming debate on the debt limit is the perfect time to have that discuss. perfect, the problem is not even republicans believe that is going to work anymore. >> they have got to find in the house a totally new strategy. i mean, confronting -- for example, everybody is now talking about okay, now comes the debt ceiling. i think that is frankly a dead loser, because in the end you know it is going to happen. the whole national financial system is going to come into washington by television and say oh my god, this will be a gigantic heart attack, the entire economy will collapse, you guys can't be responsible, and they will cave. >> so newt gingrich, time to wander off the republican reservation, at least occasionally. but he is on the same page as the editorial board, which wrote "the next challenge will be the debt deadline, arri
senate minority leader mitch mcconnell announced the same, saying "the fiscal cliff deal was the last word on taxes. now the conversation turns to cutting spending on the government programs that are the real source of the nation's fiscal imbalance." and the upcoming debate on the debt limit is the perfect time to have that discuss. perfect, the problem is not even republicans believe that is going to work anymore. >> they have got to find in the house a totally new strategy. i...
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Dec 9, 2013
12/13
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ALJAZAM
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cliff deal that they struck on new year's day of 2013. it raised taxes on higher income earners. it's been by extracting more from the american people and not by the government controlling it's out of control spending. >> raised payroll taxes to where it was for decades before they were cut in an emergency. >> but to american families, that now decreased the amount of money that they bring home. >> when you look at healthcare costs, social security and pension, that's where all the growth is. healthcare is the biggest driving factor. with that we're cutting roads, highways, education, medical research, the things that we ought to be investing in because we're holding sacrosank for folks my age. which i appreciate very. but to end the deficit we need growth. economic growth. that's why we had surpluses at the end of the clinton administration, because we had growth. part of the reason the deficit is likely to come down the future to some degree is because the economy looks better over the longer term than we thought it was going to be. but
cliff deal that they struck on new year's day of 2013. it raised taxes on higher income earners. it's been by extracting more from the american people and not by the government controlling it's out of control spending. >> raised payroll taxes to where it was for decades before they were cut in an emergency. >> but to american families, that now decreased the amount of money that they bring home. >> when you look at healthcare costs, social security and pension, that's where...
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Feb 27, 2013
02/13
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republicans agree to raise taxes in the "fiscal cliff" deal last month. and they say that's enough. danielle nottingham, cbs news, washington. >> scott pelley sat down with house speaker john boehner to discuss what if anything can be done to stop the budget cuts. hear what he has to say on the "cbs evening news" right after this newscast. >>> a san francisco woman was honored in washington today for her dedication to improving education among african- americans. the white house honored her and nine others from around the country as champions of change. she is the first deaf-blind student at harvard law school currently on the way to becoming a disability rights lawyer. we'll be right back. mom, i invited justin over for lunch. good. no, not good. he's a vegetarian and he's going to be here in 20 minutes! [ mom ] don't stress. we can figure this out. ♪ ♪ [ male announcer ] get the speed to make a great first impression. call today to get u-verse high speed internet for as little as $14.95 a month for 12 months with a one-year price guarantee. this is delicious. ♪ ♪ [ male an
republicans agree to raise taxes in the "fiscal cliff" deal last month. and they say that's enough. danielle nottingham, cbs news, washington. >> scott pelley sat down with house speaker john boehner to discuss what if anything can be done to stop the budget cuts. hear what he has to say on the "cbs evening news" right after this newscast. >>> a san francisco woman was honored in washington today for her dedication to improving education among african-...
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Mar 9, 2013
03/13
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you know, this fiscal cliff ended up with this tax increase and the spending cuts that were supposed to be so terrible, there would be the incentive not to do them. but i do hear especially from republicans, they don't want a government closure. that did not work out well for them in the mid 1990's. so there is a pull-back. but there are a lot of hurdles to make any significant changes beyond this. gwen: i'm curious though about this revenue issue because in some ways, one of the things that john boehner, the house speaker came out and said that it's off the table that there would be anymore revenue. from the short run he's right. >> it certainly looks that way. but what's intriguing that the administration's response is let's not try to move around the immovable object of speaker baner or the senate minority leader mitch mcconnell who is dead set against that. that's why you set the outreach to paul ryan, the chairman of the budget committee perhaps in hopes of maybe doing an in-run around the leadership. gwen: does what happen in washington matter when it comes to wall street or wh
you know, this fiscal cliff ended up with this tax increase and the spending cuts that were supposed to be so terrible, there would be the incentive not to do them. but i do hear especially from republicans, they don't want a government closure. that did not work out well for them in the mid 1990's. so there is a pull-back. but there are a lot of hurdles to make any significant changes beyond this. gwen: i'm curious though about this revenue issue because in some ways, one of the things that...
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the senate to vote within 90 minutes of the deal averting the fiscal cliff figuratively. we will go off the cliff of the nation because taxes will go up on january 1, spending cuts will essentially be ready to go into place january 1 but just the senate passed the deal and sent to the house and they passed it, this can be averted. my colleague rich edson live on capitol hill to explain why although there could be a vote tonight, this is far from a done deal. rich: absolutely. vice president joe biden who has been trying to influence senate democrats, many of them skeptical to support this deal he is negotiate with senate minority leader mitch mcconnell. they want this to be much lower rate is placed on the deal for individuals, $430,000 for married couples. what we're hearing now is the drafting is ongoing, national budget office is taking a look k at this to see exactly how much it is going to cost but as it is known with the impact of the deficit going to be, senator joe lieberman said a short while ago they will try to vote on this thing at some point this evening as w
the senate to vote within 90 minutes of the deal averting the fiscal cliff figuratively. we will go off the cliff of the nation because taxes will go up on january 1, spending cuts will essentially be ready to go into place january 1 but just the senate passed the deal and sent to the house and they passed it, this can be averted. my colleague rich edson live on capitol hill to explain why although there could be a vote tonight, this is far from a done deal. rich: absolutely. vice president joe...
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aides say boehner decided the house could not demand fiscal cliff spending cuts and vote on the same day, to spend billions in disaster relief. but boehner promised the new congress will vote on sandy help starting tomorrow. >> it was extremely positive meeting. >> reporter: but more proof that in this political environment, every kind of issue can veer off into another crisis. >> the country is fractured. conservatives and liberals, republicans, democrats, have very different views of how to deal with issues of taxes and spending and entitlements. that's not going away. >> that was kelly o'donnell reporting. and ceremonies are happening right now in the district to welcome the 113th congress. the morning started with a prayer service at st. peter's catholic church in the southeast. a number of lawmakers responded making their way inside the church now under renovation. the service was a bipartisan event shortly after the congressional black caucus hosted a ceremonial swearing-in for its 42 new members inside the congressional auditorium. house democratic leader, nancy pelosi spoke a
aides say boehner decided the house could not demand fiscal cliff spending cuts and vote on the same day, to spend billions in disaster relief. but boehner promised the new congress will vote on sandy help starting tomorrow. >> it was extremely positive meeting. >> reporter: but more proof that in this political environment, every kind of issue can veer off into another crisis. >> the country is fractured. conservatives and liberals, republicans, democrats, have very different...
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Feb 24, 2013
02/13
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it included more revenues, some of which came as a result of the fiscal cliff fight. now he's talking about closing additional loopholes. john boehner himself, the speaker of the house, said this would hurt national security to let the sequester go forward. why not agree to additional revenues for cuts. >> we're agreeing to government economy. the greed of washington, d.c. there's never enough revenue, never enough taxes for this administrati administration. i agree with my friend, we should be about growing private economy. nobody is saying we should do the cuts this way. in 2011 this president campaigned on a commitment he made. he made it to congress, signed into law saying he didn't want to have the deficit fight, the budget fight in 2012 when he was campaigning. so he said, in exchange for that raising the ceiling, he proposed he signed in this law, this $85 billion cut. he already has over $600 billion in new revenues. he's already had over $600 billion in increased spending. we are for a balanced approach. we've had more than enough revenues, more than enough g
it included more revenues, some of which came as a result of the fiscal cliff fight. now he's talking about closing additional loopholes. john boehner himself, the speaker of the house, said this would hurt national security to let the sequester go forward. why not agree to additional revenues for cuts. >> we're agreeing to government economy. the greed of washington, d.c. there's never enough revenue, never enough taxes for this administrati administration. i agree with my friend, we...
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Jan 2, 2013
01/13
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cliff deal. >> the senate bill failed miserably in cutting spending. i know that we can address that in debt limit. i think a lot of us believe that we have to address it today. >> and, of course, house republicans are being warned that this is a risky strategy. there has already been a threat from the democratic leadership saying if the republicans try to send this bill back with an amendment on it, they will not take it up so then they are saying that the house republican will be responsible for the largest tax increase in american history. rick? >> rick: mike, house democrats have been keeping up the pressure on house republicans. how have they been doing that? >> they point to the fact that this deal in the united states senate got 89 vote, which is very difficult to do and has polarized washington environment. vice president joe biden also up here today making a second trip to capitol hill in less than 24 hours. his messages house democratics, we need you to get behind the deal that he had negotiated bottom line, house democrats are essentially sa
cliff deal. >> the senate bill failed miserably in cutting spending. i know that we can address that in debt limit. i think a lot of us believe that we have to address it today. >> and, of course, house republicans are being warned that this is a risky strategy. there has already been a threat from the democratic leadership saying if the republicans try to send this bill back with an amendment on it, they will not take it up so then they are saying that the house republican will be...
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Feb 6, 2013
02/13
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the fiscal cliff hurt come confidence. the threat of massive automatic cuts have already started to affect business decisions. >> a recent gallup poll shows more small businesses slashed jobs over the past year, and the outlook for the year ahead isn't exactly robust. i'm joined now by host of msnbc's your business, j.j j.j. ramber. what is the small business climate? >> i asked two people that exact question and i heard grim and cautiously optimistic. so what we're seeing -- and the gallup poll shows this, too, that people are intending on hiring more people, this year. the nfib is seeing that people are hiring a few more people now than they were last year. but it's very slow. >> why? why is it not faster? >> for all kinds of reasons. number one, there's no demand. so the economy does better and people start walking through your door, you have revenue, you're going to hire someone. no one's walking through your door, you don't need to hire someone, you don't have the money to do it. so it's the economy, just the gr great
the fiscal cliff hurt come confidence. the threat of massive automatic cuts have already started to affect business decisions. >> a recent gallup poll shows more small businesses slashed jobs over the past year, and the outlook for the year ahead isn't exactly robust. i'm joined now by host of msnbc's your business, j.j j.j. ramber. what is the small business climate? >> i asked two people that exact question and i heard grim and cautiously optimistic. so what we're seeing -- and...
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Jan 4, 2013
01/13
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. >> reporter: higher taxes aren't the only possible fiscal cliff we should be planning for personally. congress hasn't reached a final resolution on government spending cuts. that means government contracts are still in limbo and jobs could be as well. just in case... >> we need to put away money, as much cash as we possibly can put away. this is not rainy day, this is fiscal cliff part 2 money. >> reporter: one more strategy, plan for the worst-case scenario. >> we need to strengthen our credit to make absolutely sure that if we have any issue, we can turn to credit as a bridge during this period of time in order to give us a safety net. >> reporter: americans already have the deck stacked against them. those holiday credit card bills are starting to arrive. the center for responsible lending says 1 in 8 americans carries more than $10,000 in credit card debt and shouldn't expect big raises at work to bail us out. so we need to be very measured with how we manage our money this year. >> and don't just pay the minimum balance on those credit cards, pay a little bit more if you can. >>
. >> reporter: higher taxes aren't the only possible fiscal cliff we should be planning for personally. congress hasn't reached a final resolution on government spending cuts. that means government contracts are still in limbo and jobs could be as well. just in case... >> we need to put away money, as much cash as we possibly can put away. this is not rainy day, this is fiscal cliff part 2 money. >> reporter: one more strategy, plan for the worst-case scenario. >> we...
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Jan 3, 2013
01/13
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the republicans want spending cuts to be a part of fiscal cliff and debt ceiling and sequestration he is saying no, put it in one area. it's a smart tactical move. we'll see if he can keep them at bay. >> president obama when he was senator obama voted against raising the debt limit as well. they use the limited leverage they have and barack obama recognized that in the past and thinks that should be taken off the table. that's fair enough. this is connected to the sequester deal as well. he will need goodwill from republicans to get movement on the sequester as well. these things are not going to be easily separated. >> but the key is incumbent on the president to be aggressive and work with them and offer entitlement reform. >> delinking them doesn't make sense. >> they are coming due at the same time. >> they are coming due at the same time and they are the same issue. >> that's right. he's going to have to reach out early and aggressively to get a grand bargain or we'll have a game of chicken. and you know what happened last time. we were downgraded. >>> out front next, 100 luxury
the republicans want spending cuts to be a part of fiscal cliff and debt ceiling and sequestration he is saying no, put it in one area. it's a smart tactical move. we'll see if he can keep them at bay. >> president obama when he was senator obama voted against raising the debt limit as well. they use the limited leverage they have and barack obama recognized that in the past and thinks that should be taken off the table. that's fair enough. this is connected to the sequester deal as well....